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HHLA posts 12.3pc higher Q1-3 EBITDA of US$289.3m
HAMBURGER Hafen und Logistik AG (HHLA) at the German port of Hamburg recorded earnings before interest, taxes, depreciation, and amortization (EBITDA) of EUR245.3 million (US$289.3 million) in the first nine months of the year, representing an increase of 12.3 per cent compared to the same period a year earlier.
Throughput at HHLA's three Hamburg terminals - HHLA Container Terminal Altenwerder, HHLA Terminal Burchardkai and HHLA Container Terminal Tollerort - came to an aggregate 5.24 million TEU over the reporting period, up 11.3 per cent year on year.
HHLA said its Hamburg terminals benefitted from the reorganisation of shipping line services, and experienced exceptionally strong growth on the high-volume Asia routes. "Alongside China - the port of Hamburg's most important trading partner - heightened trade with Russia contributed towards a substantial 17.9 per cent increase in feeder traffic with the Baltic Sea ports," HHLA said.
Throughput at the Black Sea Container Terminal Odessa in the Ukraine totalled 212,000 TEU for the first nine months of 2017, down from 213,000 TEU for the same period in 2016. The terminal operator HHLA attributed the slight drop in volumes to delays in ship handling in late September caused by adverse weather conditions.
In HHLA's intermodal segment, its transport companies recorded transport volume growth of 6.8 per cent year on year for the first nine months of 2017 to 1.1 million TEU. "This trend was driven by growth in both rail and road transport," HHLA said.
Looking ahead, HHLA executive board chairwoman Angela Titzrath said: "Uncertainty remains in the form of the volatile trend in international trade, which has prompted a structural slowdown in growth over recent years and in the conditions at the port of Hamburg. We are still waiting for work to commence on the dredging of the river Elbe."
Throughput at HHLA's three Hamburg terminals - HHLA Container Terminal Altenwerder, HHLA Terminal Burchardkai and HHLA Container Terminal Tollerort - came to an aggregate 5.24 million TEU over the reporting period, up 11.3 per cent year on year.
HHLA said its Hamburg terminals benefitted from the reorganisation of shipping line services, and experienced exceptionally strong growth on the high-volume Asia routes. "Alongside China - the port of Hamburg's most important trading partner - heightened trade with Russia contributed towards a substantial 17.9 per cent increase in feeder traffic with the Baltic Sea ports," HHLA said.
Throughput at the Black Sea Container Terminal Odessa in the Ukraine totalled 212,000 TEU for the first nine months of 2017, down from 213,000 TEU for the same period in 2016. The terminal operator HHLA attributed the slight drop in volumes to delays in ship handling in late September caused by adverse weather conditions.
In HHLA's intermodal segment, its transport companies recorded transport volume growth of 6.8 per cent year on year for the first nine months of 2017 to 1.1 million TEU. "This trend was driven by growth in both rail and road transport," HHLA said.
Looking ahead, HHLA executive board chairwoman Angela Titzrath said: "Uncertainty remains in the form of the volatile trend in international trade, which has prompted a structural slowdown in growth over recent years and in the conditions at the port of Hamburg. We are still waiting for work to commence on the dredging of the river Elbe."
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